Peoples Utah Bancorp (NASDAQ:PUB) has been assigned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price target of $35.00 for the company and are anticipating that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 55 out of 257 based on the ratings given to related companies.
Several equities analysts have recently issued reports on PUB shares. Zacks Investment Research raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, October 30th. BidaskClub raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, October 24th. The bank reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $30.60 million. Peoples Utah Bancorp had a return on equity of 14.14% and a net margin of 24.05%. As a group, equities research analysts predict that Peoples Utah Bancorp will post 2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Tuesday, November 6th were issued a $0.11 dividend. The ex-dividend date was Monday, November 5th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 28.76%.
In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the business’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $34.85, for a total value of $47,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 13,750 shares of company stock valued at $454,259. Insiders own 18.33% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. GSA Capital Partners LLP acquired a new position in Peoples Utah Bancorp in the 2nd quarter worth about $244,000. Citadel Advisors LLC acquired a new position in Peoples Utah Bancorp in the 2nd quarter worth about $254,000. MetLife Investment Advisors LLC raised its holdings in Peoples Utah Bancorp by 57.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,043 shares of the bank’s stock worth $375,000 after purchasing an additional 4,032 shares during the period. Millennium Management LLC acquired a new position in Peoples Utah Bancorp in the 1st quarter worth about $414,000. Finally, Rhumbline Advisers raised its holdings in Peoples Utah Bancorp by 14.3% in the 2nd quarter. Rhumbline Advisers now owns 14,076 shares of the bank’s stock worth $503,000 after purchasing an additional 1,758 shares during the period. 38.89% of the stock is owned by institutional investors.
Peoples Utah Bancorp Company Profile
People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.
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